USDJPY - Looking for a breakout of the flag
USDJPY - Intraday - We look to Sell at 107.12 (stop at 107.42)
Trading within a Corrective Channel formation. Trend line support is located at 106.72. Price action looks to be forming a bearish flag/pennant. The formation has a measured move target of 106.05. Bespoke resistance is located at 107.12.
Our profit targets will be 106.05 and 105.50
Resistance: 107.12 / 107.53 / 108.10
Support: 106.72 / 106.63 / 106.05
Trading within a Corrective Channel formation. Trend line support is located at 106.72. Price action looks to be forming a bearish flag/pennant. The formation has a measured move target of 106.05. Bespoke resistance is located at 107.12.
Our profit targets will be 106.05 and 105.50
Resistance: 107.12 / 107.53 / 108.10
Support: 106.72 / 106.63 / 106.05
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